End clap for the US Africa Business Summit 2022

It is in the presence of senior American and African government representatives from more than 50 countries, 6 foreign ministers and about twenty African sector ministers, American and African government agencies, investment and pension funds, d The international and regional organizations that the participants were able to discuss during 3 days around opportunities for strengthening industrial, investment and trade ties between Africa and the United States.

The Summit, which brought together more than 1,500 participants, 80% of whom were made up of major American and African business circles and 40% of whom were women, was divided into 37 sessions dealing with issues of health and food sovereignty, innovation, new technologies, energy and infrastructure, themes covered by more than 200 representatives of national and African media.

This event, which was attended by more than 450 American economic operators, including Pfizer, Visa, Citi, Procter & Gamble, Chevron, Coca Cola, Google and major African groups, recorded more than 5,000 connections with many signatures of business contracts.

“This Summit was an opportunity for Morocco to present its role as a link between Africa and the United States and to encourage the construction of an African economy that is geared towards the future, and which draws its strength from its integration into the global system and international value chains,” says the Ministry of Industry and Trade.

Organized around the theme “Building the future together – the future” (Building the future together – the future), the closing plenary of the event offered the opportunity to reflect collectively on the future of a promising continent at all levels.

On this occasion, Ryad Mezzour, Moroccan Minister for Industry and Trade, underlined the King’s vision of adopting “a coherent and integrated policy with regard to our African brothers, based on the joint investment of wealth, human development and the strengthening of economic cooperation”.

Despite a difficult context full of challenges and marked by the reconfiguration of the international economy, Africa has all the assets to be an active player and better integrate into global value and processing chains.

African companies thus have a key role to play and are called upon to take commercial risks to seize the opportunities offered by a larger market by expanding their manufacturing base.

“Our priorities, as African countries, must be to place sovereignty at the heart of all sectoral strategies and to consider it as a priority for securing supply and employment.

We must commit to encouraging local manufacturing, creating strategic reserves for certain essential products and diversifying the sources of supply of energy and food products,” Mezzour added.

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